India's Axis Bank reported fourth-quarter profit above estimates on Wednesday, helped by strong loan growth.

The private bank reported a standalone net profit - which excludes its subsidiaries - of 71.30 billion Indian rupees ($856.3 million) for the quarter ended March 31, while analysts had expected a profit of 55.40 billion rupees, as per LSEG data.

Axis Bank had reported a one-time loss of 57.28 billion rupees in the year-ago period, weighed down by costs incurred due to its $1.41 billion Citi deal. ($1 = 83.2690 Indian rupees) (Reporting by Dimpal Gulwani in Bengaluru; Editing by Varun H K)